Twas the night before Christmas, And all thru Howes house Not even a sound More Lost money just blowing around Come Paterson, come Vollands Come Armand, come all Howes will say your the ones That really dropped the ball As we all predicted The... — read more
1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... — read more
Here is all you need to know about Fluids (from Newpark financials): $86.7m LOSS. -14.9% margins $43.6m LOSS. -11.0% margins $27.5m profit. 4.5% margins $40.3m profit. 5.6% margins $3.8m profit. 0.6%... — read more
That all the management at Newpark in Houston didn’t collectively have half a brain. Brash statement at the time, he didn’t mince his words. Truer words never spoken!
Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.
5 spots in Oklahoma City Oilmens Golf filled by NP employees last week. Wouldn’t it be wise to use that for customers? More insanity, couldn’t script it any better🤣🤣🤣
Getcha popcorn ready!
Enjoy those options boys.....
With ex NP people? I know of at least 3.
When, where, and how many?
From CESDF q3 conference call (not sure who they were referring to, draw your own conclusion): At this point of the call, traditionally long-term followers of the company would expect a very granular operations and technical update for me. I want... — read more
$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.
Atrocious q2 earnings report.
Bottomed our at 251........
Down 13. Not good for any service company
Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... — read more
That ain’t gonna stop the bleeding in US fluids boys. Negative margins are negative margins no matter how you slice it...
3m loss in fluids. I called it about a month ago. Too much fat on this Hawg
Down 57. Going to 250 folks...
Down 64. Looking like 250 to bottom out
Next stop 400. Cowboy up, this ain’t no 8 second ride
Paulie claims NP is in excellent financial shape, consider the REAL facts: Newpark has $160m in long term debt $85m of the $160m is due Dec 2021 - not too far off Currently $40-50m in liquid assets. It gets worse: the $40-50m currently in... — read more
For all former Newpark employees and job applicants. Newpark Resources complies with the General Data Privacy Rights legislation. You have a right to be forgotten and your personal data that they have collected be expunged from their systems unless... — read more
Down 64. Next stop 400
Would someone confirm this. I left in 2018. I wish you all the best and good luck as we battle through this pandemic.
for bringing down NR stock to a penny stock. We can blame it on the coronavirus and the oil/gas price wars but lets be honest, there has been a disease (lets call it the PH/PV/GP virus) at the company since 2014 and it was bound to destroy what the... — read more
From a brokerage analyst who sums up what we have ALL said the past 5 years: Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held Newpark Resources, Inc. (NYSE:NR) for five whole years... — read more
Buckle your seat belt folks, she’s going to 400
Stage 1: 2000-2014. The builders. Those who built the company Stage 2: 2014-2020. The PV Millenials. Those who rode it straight into the ground Stage 3: 2020- . The fools. Those who stayed and watched it sold for pennies on the dollar — read more
Look out for your neighbors disappearing. If Corona doesn’t get them, maybe the RIF will. Round one is top earners. Round Two performance problems. Round three Is reserved for those that crossed GP’s path. Keep your head down and your resume fresh.
Dow up 1,100 points, NP down 18%. Many oil stocks up
$18.1m Q4 operating loss in fluids. -13.5% margins. Need to “right size” starting in the Woodlands. More short term debt, less assets, higher total liabilities, less stockholders equity and less cash on hand. And still carrying $43m for goodwill... — read more
Less than 5% in Permian Basin? Holey Moley
Rig count 781. Stock price $5.49. So much for the “brilliant strategizing”. Welcome to the real oilfield-Scotsman. Time to start earning your $$$
Three days into the new year and LGC Deepwater is already losing money. Perhaps they should hire a third field service manager.